Delta Air Lines Pursues $500M Legal Claims Against CrowdStrike And Microsoft After July Outage Caused 7,000 Flight Cancellations; Incident's $380M Revenue Impact, $170M Non-Fuel Expenses, And $50M Lower Fuel Costs Expected To Affect Q3 2024 Results
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Delta Air Lines is pursuing $500 million in legal claims against CrowdStrike and Microsoft following a July outage that led to 7,000 flight cancellations. The incident is expected to impact Delta's Q3 2024 results with a $380 million revenue hit, $170 million in non-fuel expenses, and $50 million in lower fuel costs.
August 08, 2024 | 7:05 pm
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NEGATIVE IMPACT
CrowdStrike is facing $500 million in legal claims from Delta Air Lines after a July outage caused 7,000 flight cancellations. The incident could have reputational and financial implications for CrowdStrike.
The legal claims from Delta could negatively impact CrowdStrike's stock price due to potential financial liabilities and reputational damage.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Delta Air Lines is pursuing $500 million in legal claims against CrowdStrike and Microsoft after a July outage caused 7,000 flight cancellations. The incident is expected to impact Delta's Q3 2024 results with a $380 million revenue hit, $170 million in non-fuel expenses, and $50 million in lower fuel costs.
The legal claims and financial impact from the outage are likely to negatively affect Delta's stock price in the short term due to the significant revenue hit and increased expenses.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Microsoft is facing $500 million in legal claims from Delta Air Lines after a July outage caused 7,000 flight cancellations. The incident could have financial and reputational implications for Microsoft.
The legal claims from Delta could negatively impact Microsoft's stock price due to potential financial liabilities and reputational damage.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80